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ICTSI mulls turning HHIC-Philippines into multipurpose facility

Following announcement that it is looking at the possible acquisition of Hanjin Heavy Industries and Construction Philippines’ (HHIC-Philippines) assets, Manila-based terminal operator International Container Terminal Services, Inc. (ICTSI) now revealed plans to turn it into a multipurpose facility, but not shipbuilding. 

UECC to build vessels running on batteries and LNG

United European Car Carriers, jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, has signed a contract to build two new generation PCTC with China Ship Building Trading Co., Ltd and Jiangnan Shipyard Group Co. Ltd. The newbuilding contract also includes options for two more ships, and the first one is planned for delivery in 2021.

Costa Smeralda suffers minor fire at Meyer Turku shipyard

Costa Smeralda, the first LNG-fueled cruise ship of the Costa Cruises fleet, suffered a minor fire on the deck 15, while undergoing the final stage of construction at the Finnish shipyard Meyer Turku, Monday afternoon. There was stored equipment on fire, started by welding inside the ship.

CSSC and CSIC meet, increasing allegations on merger

After the meeting between China’s two top state-run shipbuilders, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), the speculations on a possible merger are increasing. The groups met on March 14 and further strengthened communication and exchanges.

Costa Cruises’ first LNG-fueled vessel floated out

Shipbuilder Meyer Turku informed that Costa Smeralda was floated out with traditional ceremonies at the Meyer Turku shipyard, on March 15. The float-out of Costa Smeralda, an LNG fueled 180 000 GT cruise ship, signals the start of the final stage of construction for the ship. The ceremony marks the outfitting phase in the ship’s construction. The ship will be ready for delivery for Costa Cruises in October 2019.

S. Korea reaches number one in global ship orders for February

South Korean shipbuilders ranked first globally in total new orders during February, surpassing their Chinese rivals. Namely, local shipyards won new orders amounting 630,000 compensated gross tons in February to build eight vessels. Chinese shipbuilders ranked second with 20,000 CGTs to build one vessel. Japan was third with 10,000 CGTs for one ship.

Fincantieri signs for minority stake at Genoa shipyard

Italian shipbuilder Fincantieri announced it has reached a cooperation agreement with Genova Industrie Navali (GIN), to acquire a minority stake in GIN Group’s holding company and an option for a minority stake in T. Mariotti.

HHI ready to sign agreement for DSME takeover

Hyundai Heavy Industries is expected to sign an official agreement with Korea Development Bank on March 8 to take over Daewoo Shipbuilding & Marine Engineering. However, even if the deal closes, HHI will still have to solve several issues in order to fully acquire DSME. One of the issues the HHI faces is that is the evaluation of the merger proposal by major countries, such as the US, the EU, China and Japan.

Philippines to improve shipbuilding by private investments

The Philippines maritime regulator Maritime Industry Authority, Marina, announced its aspiration on luring private organizations to continue engaging in shipbuilding and repair by growing a scheme for tax incentives. The incentives program is for domestic shipping in order to improve the investment climate in the Philippines and gain more private-sector participation.

Russian official reassures of plans for behemoth icebreaker

Bellona reported that Russian officials will back the overhaul of an ailing Far Eastern shipyard as they plan to build an enormous nuclear icebreaker the Kremlin hopes will cement its control of Arctic waterways. The icebreaker is the ‘Leader’, a vessel that firstly appeared four years ago. Now, the Russian Government is mobilizing billions of dollars to renovate the Zvezda shipyard to construct the vessel.


The sulphur cap is less than a year away and with most vessels choosing compliant fuel, do you expect to see a spike in incidents and accidents related to the switch over?

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